{"id":380678,"date":"2019-05-03T06:30:10","date_gmt":"2019-05-03T06:30:10","guid":{"rendered":"https:\/\/wncen.com\/?p=380678"},"modified":"2024-06-11T13:39:39","modified_gmt":"2024-06-11T13:39:39","slug":"bitcoin-btc-price-target-strong-gains","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-btc-price-target-strong-gains\/","title":{"rendered":"Bitcoin (BTC) Price Target Strong Gains: Trend Accurately Bullish"},"content":{"rendered":"<ul>\n<li>Bitcoin price is following a steady uptrend and recently broke $5,450 against the US Dollar.<\/li>\n<li>The price surged above $5,580 against the USDT and it is currently near $5,500 vs USD on Kraken.<\/li>\n<li>Yesterday\u2019s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n<li>The pair is likely to accelerate gains above the $5,500 and $5,550 levels in the coming sessions.<\/li>\n<\/ul>\n<p><em>Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. BTC is likely to remain in an uptrend towards the $5,600 and $5,650 resistance levels.<\/em><\/p>\n<h2>Bitcoin Price Analysis<\/h2>\n<p>After forming a <a href=\"https:\/\/wncen.com\/2019\/05\/01\/bitcoin-btc-price-bullish-continuation-5400\/\" target=\"_blank\" rel=\"noopener noreferrer \">strong support near $5,120<\/a>, bitcoin price started a solid uptrend against the US Dollar. The BTC\/USD pair broke the $5,300 and $5,380 resistance levels to enter a bullish zone. There was a positive close above the $5,400 level and the 100 hourly simple moving average. The price extended gains above the $5,450 level recently and traded to a new weekly high at $5,500. The current price action is very positive, signaling more gains above $5,550 and $5,600.<\/p>\n<p>An immediate support is at $5,470, and the 23.6% Fib retracement level of the recent move from the $5,372 low to $5,500 high. However, the main support is near the $5,420 level. An intermediate support is at $5,435, and the 50% Fib retracement level of the recent move from the $5,372 low to $5,500 high. Besides, <a href=\"https:\/\/wncen.com\/2019\/05\/02\/bitcoin-btc-price-primed-for-gains\/\" target=\"_blank\" rel=\"noopener noreferrer \">yesterday\u2019s two bullish trend lines are intact<\/a> with support near $5,410 and $5,380 on the hourly chart of the BTC\/USD pair. Therefore, if there is a downside correction, the price is likely to find bids near $5,430 or $5,400.<\/p>\n<p>On the upside, a clear break above the $5,550 and $5,520 levels is likely to push the price towards the $5,600 level. The next key resistance is at $5,640, above which the price may test the $5,700 barrier.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-380679\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?resize=1828%2C868\" alt=\"Bitcoin Price Analysis BTC Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?w=1828 1828w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2019\/05\/Bitcoin-3.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XBTUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, bitcoin price is clearly trading in a strong uptrend above $5,400. Looking at the USDT pairs, BTC traded towards $5,600 on binance, and above $5,800 on bitfinex. The overall price action is very bullish and it seems like there could be more gains above $5,500 versus USD. In the short term, there could be a downside correction, but dips remain well supported near the $5,400 pivot level. Only a close below $5,280 and the 100 SMA might negate the current bullish view.<\/p>\n<p>Technical indicators:<\/p>\n<p>Hourly MACD \u2013 The MACD is gaining strong momentum in the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now in the overbought zone.<\/p>\n<p>Major Support Levels \u2013 $5,420 followed by $5,400.<\/p>\n<p>Major Resistance Levels \u2013 $5,520, $5,550 and $5,600.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price is following a steady uptrend and recently broke $5,450 against the US Dollar. The price surged above $5,580 against the USDT and it is currently near $5,500 vs USD on Kraken. Yesterday\u2019s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair is likely to accelerate gains above the $5,500 and $5,550 levels in the coming sessions. Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. BTC is likely to remain in an uptrend towards the $5,600 and $5,650 resistance levels. Bitcoin Price Analysis After forming a strong support near $5,120, bitcoin price started a solid uptrend against the US Dollar. The BTC\/USD pair broke the $5,300 and $5,380 resistance levels to enter a bullish zone. There was a positive close above the $5,400 level and the 100 hourly simple moving average. The price extended gains above the $5,450 level recently and traded to a new weekly high at $5,500. The current price action is very positive, signaling more gains above $5,550 and $5,600. An immediate support is at $5,470, and the 23.6% Fib retracement level of the recent move from the $5,372 low to $5,500 high. However, the main support is near the $5,420 level. An intermediate support is at $5,435, and the 50% Fib retracement level of the recent move from the $5,372 low to $5,500 high. Besides, yesterday\u2019s two bullish trend lines are intact with support near $5,410 and $5,380 on the hourly chart of the BTC\/USD pair. Therefore, if there is a downside correction, the price is likely to find bids near $5,430 or $5,400. On the upside, a clear break above the $5,550 and $5,520 levels is likely to push the price towards the $5,600 level. The next key resistance is at $5,640, above which the price may test the $5,700 barrier. Looking at the chart, bitcoin price is clearly trading in a strong uptrend above $5,400. Looking at the USDT pairs, BTC traded towards $5,600 on binance, and above $5,800 on bitfinex. The overall price action is very bullish and it seems like there could be more gains above $5,500 versus USD. In the short term, there could be a downside correction, but dips remain well supported near the $5,400 pivot level. Only a close below $5,280 and the 100 SMA might negate the current bullish view. Technical indicators: Hourly MACD \u2013 The MACD is gaining strong momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is now in the overbought zone. Major Support Levels \u2013 $5,420 followed by $5,400. Major Resistance Levels \u2013 $5,520, $5,550 and $5,600.<\/p>\n","protected":false},"author":67,"featured_media":380680,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119],"class_list":["post-380678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc"],"acf":[],"yoast_head":"\n<title>Bitcoin (BTC) Price Target Strong Gains: Trend Accurately Bullish<\/title>\n<meta name=\"description\" content=\"Bitcoin price is climbing steadily against the US Dollar, while surging versus USDT. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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